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Definition: Labour costs (Index)

Short-term statistics

2006 definition

The labour cost index should cover wages and salaries and social security charges for all persons employed. Social security charges include: (i) statutory social contributions payable by the employer, (ii) collectively agreed, contractual and voluntary social contributions payable by the employer, and (iii) imputed social contributions (social benefits paid directly by the employer). Regulation (EC) No 588/2001 of 26 March 2001 concerning short-term statistics
European Union, Commission Regulation (EC) No 1503/2006 of 28 September 2006 implementing and amending Council Regulation (EC) No 1165/98 concerning short-term statistics as regards definitions of variables, list of variables and frequency of data compilation